The companies will collaborate for ‘W3BCLOUD', which will develop optimized solutions powered by AMD hardware that are capable of supporting a variety of workloads and applications for governments and commercial enterprises, as well as accelerate the adoption of decentralized applications.

W3BCLOUD is focused on providing the first independent cloud computing blockchain infrastructure, combining increased transaction throughput with state-of-the-art security. ConsenSys, as a global leader in blockchain development, brings insight into efficient compute usage for blockchain transactions, security requirements, and emerging use cases for the technology.

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"Bolstering the compute power of blockchain networks with AMD's leading-edge technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe," said Joe Lubin, founder of ConsenSys and co-creator of Ethereum. "The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies."

"We are excited to work with Consensys and provide them with access to high-performance hardware technologies capable of better scaling and proliferating decentralized networks and services to meet the growing interest from large corporations and governments looking to tackle challenges ranging from smart identity, enterprise data centers and health ID tracking, to licensing and supply chain management," said Joerg Roskowetz, director of product management, Blockchain Technology, at AMD.

"We are building the world's first dedicated network of blockchain data centres across the globe. Given the region's forward-thinking adoption of blockchain, we fully expect some of the first data centres to be in the MENA region," said Wael Aburida, W3bCloud cofounder.